Retirement delayed and broke anyway

[AllBlue]

102. Just remember

Warren Buffet's "prime directive" :

1) Never lose money.

Rule number 2 is : never forget rule number 1.

...and you'll be fine. This doesn't necessarily mean what it sounds like.
How I interpret that rule is to mean understand your risk, and especially
your risk of ruin. The risk of ruin is considerable with futures because
there is so much leverage, meaning for each contract you trade, you are
saying "I'm good for every penny of the actual value of this contract"
if something really goes wrong. I've been trading futures for more than
20 years, and the need for a business-like approach in futures is mandatory.
My own path is moving into a more algorithmic approach as I come to understand
risk better and life gets busier for us again.

"A repeatable, systematic approach is the way."

I wish you well, and again, feel free to reach out if you like.